Several gaming companies with over $1 billion in valuation are now actively considering token launches, according to Immutable co-founder Robbie Ferguson. In a Feb.

Sei Network collaborates with Gitcoin to launch a $750K funding round aimed at supporting impactful projects within its ecosystem. The initiative features two tracks to incentivize consumer-facing and infrastructure innovations.

Synthetix (SNX) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, allowing users to create and trade synthetic assets. These assets mirror the value of real-world assets such as commodities, currencies, and stocks.

The second week of February showed strong activity in crypto VC funding as HashKey Group secured $30 million with a $1.50 billion valuation.

Since the launch of the first NFTs, they have gradually gained popularity not only among crypto investors but also among artists, celebrities, and people from all walks of life. But popularity brought some challenges.

Holonym and Gitcoin Passport unite to revolutionize online identity with privacy-preserving verification.

The cash and token deal scales up a Worldcoin "alternative."

The acquisition integrates Gitcoin Passport with Holonym's Human Network to boost identity verification. It plans to generate over 34.5 million zero-knowledge (ZK) credentials.

Gitcoin Passport, the cryptosphere's preeminent identity solution for sybil-prevention, has been bought out. Holonym Foundation has acquired the service and revealed plans to incorporate it into its Proof of Humanity network.

Following the acquisition, Holonym plans to offer its rebranded Human Passport to users worldwide.

Bitcoin and the rest of the crypto market took a turn for the worse over the weekend in price drops that have largely been blamed on Trump's promised tariffs. I overheard a handful of X Spaces hosts sound the alarms about it on Monday, acting as though the bull market was over.

ImmutableX (IMX), the native token of the Immutable blockchain, is showing signs of a significant upside rally, despite prevailing bearish market conditions. Recently, IMX reached a crucial support level at $1.05, which has historically acted as a springboard for upward momentum.

Amid the bearish market sentiment, Immutable's native token, IMX, has reached a crucial support level of $1.05 and is poised for a significant upside rally. According to IMX's daily chart, this support level has always been favorable for the altcoin, often triggering upward momentum.

Bitcoin (BTC) has recovered from its recent slump, which saw the price drop to an intraday low of $101,441 late on Thursday. The flagship cryptocurrency has registered an increase of nearly 3% over the past 24 hours and is currently trading around $104,612, with bulls looking to push it beyond $105,000.

Altcoins display bullish strength as Bitcoin trades around the $100K zone. Immutable (IMX) appears poised for significant gains with its prevailing post-breakout actions. Crypto analyst JAVON MARKS believes IMX bulls will target $4.91 amid magnified bullish sentiments. That will mean an approximately 255% surge from Immutable's current price. IMX targets robust gains past $4.

EverReach Labs' REVENGE, an innovative co-op PvE shooter, partners with Immutable (IMX) to enhance player-spectator interaction and secure asset ownership, marking a new era in gaming.

Synthetix has announced that it will transition its perpetual markets on the Arbitrum network to a close-only mode.

The move is part of a strategic pivot by Synthetix to consolidate its operations and focus on Coinbase's Base network.

The Block's GMCI indices for memecoins and AI tokens ended 2024 as the largest gainers, while gaming and Layer 2 tokens lost value overall.

Bitcoin (BTC) looks set to end 2024 below the $100,000 mark unless a major bump in price occurs before the year ends. The cryptocurrency spent most of the weekend hovering just above $95,000.

Story Highlights The live price of GMT is . GMT price could soar as high as $0.42 in 2025. Stepn price could reach a high of $1.49 by 2030. The crypto space has been cordial to budding projects in the industry. A number of which cater to diverse sectors of the business.

In a series of surprising events, the GMT price began skyrocketing, especially today, as it's up 40%. It's surprising, as the token has been under a major downtrend and consolidation for years.

StepN's Green Metaverse Token formed a God candle on Friday, making it one of the best-performing cryptocurrencies. StepN (GMT) price surged by 50%, reaching an intraday high of $0.2275, its highest level since December 9.

GMT, the native token of Stepn, is making waves in the cryptocurrency realm with its impressive performance. On December 27, 2024, while the overall cryptocurrency market struggles to gain momentum including Bitcoin (BTC), Ethereum (ETH), and XRP, GMT has outperformed all major assets with a significant 55% upside momentum.

In the past 24 hours, three altcoins—CLANKER, PARSIQ (PRQ), and STEPN (GMT)—have shown significant market activity. CLANKER has surged by 60%, reaching a $60 million market cap and attracting attention within the Base ecosystem.

ImmutableX (IMX) has emerged as a prominent solution in the world of NFTs, offering a layer-2 scalability protocol built on Ethereum to improve transaction efficiency and reduce costs. By addressing key limitations such as high gas fees and slow transaction speeds, ImmutableX provides a platform for NFT creators, developers, and marketplaces to thrive.

Story Highlights The live price of the IMX token is The ImmutableX price could hit $3.27 in 2025. With a potential surge, the IMX price could reach $9.77 by 2030. A plethora of virtual currencies and protocols can be found in the ever-changing crypto space.

The cryptocurrency market faces another week of token unlocks, with releases valued at more than $513 million scheduled between December 23 and December 30. Immutable (IMX) leads the cliff unlocks with a release worth $32.36 million, while Worldcoin (WLD) continues to dominate the linear unlocks at $81.53 million.

As the crypto industry experiences lower volumes, here are our top cryptocurrencies to watch this week: HYPE, Horizen and IMX.

King Arthur: Legends Rise arrives on Immutable (IMX), offering players the chance to earn instant Gems. Explore the epic RPG adventure and engage with legendary heroes in this captivating Web3 gaming experience.

The DeFi protocol also launched an in-house perpetuals trading app.

Synthetix exchange relaunches with multi-collateral perpetuals on the Base network. The reboot of Synthetix comes with a new website, relaunch of its exchange, and upcoming launch of Synthetix Leveraged Tokens.

Arena of Faith, a web3 MOBA game, launches its Arena of Faith Quest on Immutable (IMX), offering players the chance to earn Gems and other rewards through engaging gameplay.

The product is part of Synthetix's ongoing effort to revamp after a governance overhaul in October.

Blockchain gaming is emerging as the next big thing in crypto, and analyst VirtualBacon believes the sector is massively undervalued. While categories like Layer-1 blockchains, AI, and meme coins have seen notable gains, gaming tokens remain at bear market dominance of just 0.4%.

Immutable (IMX) has signed more games in 2024 than all previous years combined, solidifying its leadership in web3 gaming with over 250 new titles onboarded.

Chess Universe introduces Play-to-Earn mechanics on Immutable (IMX), offering players exclusive rewards and web3 ownership. Discover interactive lessons, NFTs, and more in this innovative chess platform.

TL;DR Synthetix acquires TLX as part of its strategy to expand its product offerings and strengthen its DeFi ecosystem. Leveraged products in development: the protocol plans to relaunch TLX on the Base network after auditing and optimizing its infrastructure.

Decentralized finance (DeFi) protocol Synthetix has acquired the leveraged token platform TLX in a token-for-token deal. The post Synthetix Acquires TLX in Token-for-Token Deal appeared first on Cryptonews.

Synthetix said it plans to re-launch all TLX products on Base network after adding parameter improvements.

SUPER remains in bullish territory, backed by strong market sentiment.

Blockchain projects thrive on innovation. The more developers push boundaries, the brighter a project's future becomes. This December, Santiment ranked the top ERC-20 tokens by development activity. From DeFi giants to Web3 pioneers, these tokens reflect where the blockchain world is headed. Let's take a closer look at who's making the most noise.

Immutable (IMX) introduces 'Perpetual Rewards' with RavenQuest, enhancing the utility of gems and rewarding consistent player engagement starting January 2025.

Immutable (IMX) introduces a continuous reward system called Gems, aiming to enhance player engagement in Web3 gaming with perpetual rewards and evolving quests.

Adidas and STEPN GO introduce 1,200 limited-edition Ultraboost 5 sneakers, available exclusively to NFT holders.

Adidas and its blockchain partner Stepn announced they will be dropping a collection of 1,200 physical shoes.

Immutable (IMX) and Yield Guild Games (YGG) unite to enhance Web3 gaming, committing $1 million to player rewards. This collaboration aims to foster community-driven engagement and expand gaming opportunities.

GMT recorded notable price gains on its daily chart as altcoins soared on Bitcoin's stability above $96K. While BTC gained 2% over the past day, the altcoin jumped nearly 10% from $0.1977 to $0.2172 daily peak. GMT's upside momentum strengthened as Web3 app STEPN broke two Guinness World Records.